Priyanka singh (taj pharma) bloombergquint com markets 2017 03 28 stocks to watch

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Stocks To Watch: Aurobindo Pharma, Godrej Industries, IL&FS Transport

by Hormaz Fatakia t @thecrazybawa Updated on March 28, 2017, 2:47 am March 28, 2017, 2:47 am

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The Singapore traded SGX Nifty, an early indicator of Nifty’s performance in India, gained 0.3 percent to 9,096

f Your Tuesday morning briefing.https://t.co/Xuow9yAowv pic.twitter.com/SNjy0Fbs5X

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— BloombergQuint (@BloombergQuint) March 28, 2017

l g Here are the stocks to watch out for in this session: m Aurobindo Pharma Says it has five products with different strengths in select European Union countries Some of the products are not in the market while some await approval in certain countries The annual combined sales of these products is less than $5 million Aurobindo Pharma pegs impact of Europe drug regulator’s decision at $5 million.https://t.co/ZLsddsBxdV pic.twitter.com/6ygzf2h1Nn — BloombergQuint (@BloombergQuint) March 28, 2017

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Godrej Industries To acquire an additional 2.87 percent stake in Godrej Agrovet Ltd. from a promoter group company Holding post the acquisition to increase to 63.68 percent Agrovet had revenues of Rs 4,351 crore in FY16

IL&FS Transportation Networks Joint Venture with IL&FS Engineering and Construction Company receives Letter of Award LoA issued by Madhya Pradesh Road Development Corporation Ltd. Contract for widening and reconstruction of certain road projects in Madhya Pradesh Value of the contract stands at Rs 175.48 crore and is scheduled to be completed within 20 months

Berger Paints Commences commercial production of its automotive and general industrial paints production plant at Jejuri, Pune Plant has a capacity of 4,80 KL/MT per annum Intends to enhance the capacity of the plant to 24,000 KL/MT per annum in phases

United Bank Of India Raises Rs 127.49 crore via QIP at a floor price of Rs 23.22 per share To raise Rs 150 crore via issue of additional Tier-I bonds with a green shoe option on March 29, 2017 To allot equity shares worth Rs 500 crore to the Government of India on a preferential basis Why Yes Bank’s second effort at equity fund raising found success, reports @sajeetkm.https://t.co/Akdmg5NNTr pic.twitter.com/CtHlfo21pQ — BloombergQuint (@BloombergQuint) March 27, 2017

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Undertakes expansion plan at its Nashik plant Approximate cost of the expansion plan stands at Rs 9.4 crore Rs 7 crore of the total funding cost raised via term loans

Technofab Engineering Bags three orders from Power Grid Corporation of India for about Rs 255 crore and from Rwanda worth $12.29 million Timeline for completing orders from Power Grid is of 33 months while that of Rwanda has a 12 month timeline

KPIT Technologies Proficient Finstock LLP, company promoter, bought an additional 43.75 lakh equity shares or 2.22 percent stake Promoter holding in the company now increases to 18.94 percent Proficient pledged an additional 12 crore shares, taking the total pledged shares to 50 percent of Proficient's holding. #ChartOfTheDay by @SagarSalvi | HDFC Bank is the most recommended stock by analysts globally.https://t.co/aWFP6DI6gl pic.twitter.com/81fFqZAZlY — BloombergQuint (@BloombergQuint) March 27, 2017

Colgate-Palmolive India: Declares third interim dividend for FY17 of Rs 3 per share Tata Global Beverages: Clarifies on reports of merger with Tata Coffee saying there is no such proposal under consideration Shriram EPC: Wins an order worth $107.8 million in Tanzania in a Joint Venture with Larsen & Toubro out of which company's share will be 25 percent or $27 million IFB Industries: Acquires 100 percent stake in Global Automotive & Appliances Pte. Ltd. from a promoter group company worth Rs 20 crore Vipul: Seeking shareholder approval to issue NCDs worth Rs 500 crore NIIT: Kotak Mahindra Asset Management bought 15.36 lakh shares or 0.92 percent stake Tata Motors DVR: Morgan Stanley Mauritius Company Ltd. bought 55.34 lakh shares sold by Goldman Sachs Singapore Pte. Emami: Promoter Priti Sureka sold 14 lakh equity shares or 0.6 percent stake for Rs 1,030 per share.

Gammon India: Shareholders approve special resolution to invest or acquire by way of purchase or otherwise up to 20 percent of the equity shares of Gammon Infrastructure Projects Ltd. from its wholly-owned subsidiary Gammon Power Ltd. PDFmyURL converts any url to pdf!

UCO Bank: Board approves proposal to issue equity shares to the Government of India against the proposed capital infusion of Rs 1,150 crore on a preferential basis GTL Infrastructure: Shareholders of Chennai Network Infrastructure Ltd. approves issuance of shares to secured lenders of CNIL pursuant to SDR scheme Balaji Telefilms: ALTBalaji announces strategic partnership with Micromax for its users to get access to ALTBalaji's mobile platform content.

ICICI Prudential Life Insurance: IRDAI levis a penalty of Rs 20 lakh on the company Falling sales have dimmed hopes of cash-strapped real estate developers, reports @IndiaRatings.https://t.co/9Ay4kl0wVW — BloombergQuint (@BloombergQuint) March 27, 2017

Media Reports Tata Motors: Plans to develop an electric car and a shared mobility vehicle. (Economic Times) IDFC Bank: Sells nine stressed loan portfolios to Edelweiss Asset Reconstruction Company (Economic Times) Motherson Sumi: Considering a $600 million bid for a Bosch unit. (Economic Times) Coal India: To appeal against CCI's penalty order. (Economic Times) Oil India: To buyback 4.49 crore shares worth Rs 1,527.01 crore. (Financial Express) Kotak Mahindra Bank: To consider raising funds via QIP. (Financial Express) ONGC: Plans to raise Rs 1,671 crore for its associate firm Opal. (Mint) Bank Of Baroda: Signs pact with Jain Irrigation for financing Micro Irrigation systems. (Bloomberg) Indian Oil: To form JV with Nepal Oil Corp for fuel retailing. (Bloomberg) Vedanta: To consider mid-year dividend on March 30 and also dividend for Cairn India shareholders. (Bloomberg) Future Lifestyle Fashion: CCI clears deal involving the company. (PTI) JSW Group aims to become a complete home solutions provider.https://t.co/ikI9W22UGF — BloombergQuint (@BloombergQuint) March 27, 2017

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MAS Financial Services, a non-banking financial company files draft red herring prospectus with SEBI Initial public offering to raise Rs 550 crore IPO to consist of fresh issue worth Rs 307.4 crore and an offer for sale worth Rs 242.6 crore Motilal Oswal Investment Advisors Pvt. Ltd. is the sole book running lead manager.

India likely to see below normal monsoon this year, says @SkymetWeather.https://t.co/1FpLInKtXy pic.twitter.com/Qgl43XSbIf — BloombergQuint (@BloombergQuint) March 28, 2017 BloombergQuint

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